State advisors - no end in sight to recession

Two of Vermont’s top economists say there’s no end in sight to the recession, and they’re predicting another big drop in tax revenue. Despite a brief downturn in unemployment a couple of months ago, more Vermonters are out of work, and state income tax revenues are down as a result. Rep. Michael Obuchowski of the legislature’s Joint Fiscal Committee has offered to mediate between Governor Douglas and the Democratic-party controlled legislature to end months of feuding between them. Douglas responded the Legislature would have to come up with solid ideas to cut state spending to a sustainable level.